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ProPhase Labs Inc (NASDAQ: PRPH) delivers cutting-edge solutions across diagnostics, genomics, and consumer health products. This news hub provides investors and industry observers with essential updates on the company’s scientific advancements, financial performance, and market initiatives.
Access authoritative reports on PRPH’s latest developments, including earnings announcements, strategic partnerships, and innovations in AI-driven diagnostic testing. Our curated collection ensures you stay informed about regulatory milestones, product launches, and research breakthroughs shaping the company’s trajectory.
Explore updates across key categories: quarterly financial results, FDA clearances, clinical trial progress, and consumer product expansions. Bookmark this page for real-time insights into how ProPhase Labs continues merging medical science with accessible health solutions through its dual focus on institutional diagnostics and consumer genomics.
ProPhase Labs (NASDAQ: PRPH) reported strong financial results for the year ending December 31, 2021, with net revenue of $79 million, marking a 445% increase from the previous year. The company achieved a net income of $6.3 million or $0.41 per share, compared to a net loss of $2.1 million in 2020. The fourth quarter showcased net revenues of $45.2 million and a net income of $10.6 million. Adjusted EBITDA for 2021 was $18.1 million. ProPhase's new diagnostic services significantly drove growth, while strategic acquisitions and improved operational efficiencies indicate a promising outlook for 2022.
ProPhase Labs (NASDAQ: PRPH) announced a conference call on March 30, 2022, at 11:00 a.m. ET, to discuss the results for its fourth quarter and full year ending December 31, 2021. This call will be hosted by CEO Ted Karkus and include a Q&A session. A press release with detailed results will precede the call. Participants can register online to receive dial-in information, or call in directly using provided toll-free numbers.
ProPhase Labs offers diagnostic, genomics testing, and contract manufacturing services, with subsidiaries focusing on a range of healthcare solutions.
ProPhase Labs, Inc. (NASDAQ: PRPH) has declared a special cash dividend of $0.30 per share, payable on March 10, 2022, to stockholders of record as of March 1, 2022. This decision follows strong projected financial performance for Q4 2021 and the upcoming Q1 2022, with significant growth in net income and EBITDA. Chairman Ted Karkus emphasized a commitment to returning capital to shareholders while maintaining ample liquidity for future growth opportunities.
ProPhase Labs (Nasdaq: PRPH) announces that Chairman and CEO Ted Karkus will present at the MicroCap Rodeo Winter Wonderland Best Ideas Conference from February 8-11, 2022. His presentation is scheduled for February 9, 2022, at 12:00 PM ET.
Additionally, Karkus will be available for one-on-one investor meetings on February 10-11. ProPhase Labs focuses on biotech and genomics, providing testing services and genomics data for healthcare advancements.
ProPhase Labs (NASDAQ: PRPH) reports significant growth in PCR COVID-19 testing volumes, exceeding 300,000 tests in Q4 2021, a sharp increase from about 110,000 in Q1 2021. The rise is attributed to a growing customer base and the emergence of the Omicron variant. The company expanded its workforce, increasing lab personnel from 50 to over 250 to meet demand while maintaining average result turnaround times of under 48 hours. Looking ahead, ProPhase anticipates ongoing growth across its testing and genomic services throughout 2022.
ProPhase Labs (Nasdaq: PRPH) announces that CEO Ted Karkus will present a corporate overview at the H.C. Wainwright Bioconnect 2022 Virtual Conference, scheduled for January 10-13, 2022. The presentation will be available on-demand for registered attendees starting at 7:00 a.m. ET on January 10.
ProPhase Labs is a diversified biotech company focusing on genomics and CLIA lab services, including COVID-19 testing, whole genome sequencing, and genetic research.
ProPhase Labs (NASDAQ: PRPH) has appointed Sam A. Beeler as Chief Strategy Officer while promoting Alice Lioi and Jason Karkus to Executive Vice Presidents/Co-Chief Operating Officers, and Sergio Miralles to Executive Vice President/Chief Information Officer. CEO Ted Karkus highlighted Beeler's role in enhancing Nebula Genomics' presence in personalized medicine and securing lower Whole Genome Sequencing prices. The promotions recognize the leadership of Lioi, Karkus, and Miralles in developing ProPhase Diagnostics and expanding its lab services.
ProPhase Labs, Inc. (Nasdaq: PRPH) announced the grant of a stock option to a new employee, consisting of 100,000 shares of common stock. This inducement award was made under Nasdaq Rule 5635(c)(4), not within the company's equity plan. The exercise price is set at $5.76 per share, equal to the stock’s closing price on November 19, 2021. Vesting occurs over four years, starting with 25% on the grant date, and the option has a term of seven years. ProPhase, a diversified biotech firm, focuses on genomics and diagnostic services, including COVID-19 testing.
ProPhase Labs, Inc. (NASDAQ: PRPH) reported a strong financial performance for Q3 2021, achieving $9.5 million in total revenue, a 150% increase from $3.8 million in Q3 2020. The company performed 57,000 diagnostics tests in the quarter but reported a net loss of $4.0 million or $(0.26) per share. Cash and equivalents stood at $22.9 million with net working capital of $34.0 million. ProPhase acquired Nebula Genomics for $14.6 million and is optimistic about increasing testing volumes and expanding its diagnostics business.
ProPhase Labs (Nasdaq: PRPH) announces that Chairman and CEO Ted Karkus will present at the virtual Q4 Investor Summit Conference on November 16, 2021, at 2:00 PM ET. The conference runs from November 16-17, 2021, and investors can register online. Karkus will also be available for one-on-one meetings during the event.
ProPhase Labs focuses on genomics testing, COVID-19 testing, and consumer healthcare products. The company aims to leverage its CLIA lab services for whole genome sequencing and has a broad range of diagnostic services.
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